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Mazagon Dock Signs ₹15,000 Crore MoU to Construct Greenfield Shipyard in Andhra Pradesh
Navratna Defence PSU Mazagon Dock Shipbuilders Limited (MDL) has executed a Memorandum of Understanding (MoU) with National Shipbuilding and Heavy Industries Park-AP (NSHIP-AP) to establish a greenfield shipyard at Dugarajapatnam, Andhra Pradesh. Involving a phased investment of ₹15,000 crore over five to seven years, the facility will serve as the anchor for a massive shipbuilding-cum-port cluster estimated to generate 45,000 direct and indirect jobs.
